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Thread: Industries Find Surging Profits in Deeper Cuts

  1. #1
    Havakasha is offline

    Industries Find Surging Profits in Deeper Cuts

    One of the reasons the unemployment rate is not dipping faster and a worrying trend.

    http://www.nytimes.com/2010/07/26/bu...rnings.html?hp

  2. #2
    Havakasha is offline
    This is the real important point:

    "As long as corporations are reinvesting, the economy can grow," said Ethan Harris, chief economist at Bank of America Merrill Lynch. "But if they're taking those profits and saving them, rather than buying new equipment, IT HURTS OVERALL GROWTH. The longer this goes on, the more you worry about income being diverted to a sector thats not spending."
    "There is no question that there is an income shift going on in the economy.
    Companies are squeezing their labor costs to build profits."

  3. Ad Fairy Senior Member

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